JPMorgan analyst Matthew Boss lowered his price target for Signet Jewelers to $40 saying the company's transitional investments will take time to pay dividends. The analyst sees the combination of negative traffic and fiscal 2019 store closures "weighing on the top-line profile" through at least fiscal 2020. Boss keeps a Neutral rating on Signet shares.

Conversant, the digital media arm of Epsilon, an Alliance Data (ADS) company, announced an expanded relationship with Signet Jewelers (SIG), the largest specialty jewelry retailer in the United States. Conversant and Epsilon will provide digital marketing capabilities and data services that enable Signet to analyze, activate and measure digital advertising.